Investec Enhances Mobile Banking Security in South Africa

Posted on by Staff Writer | 8931 Views | 11 min read

Specialist bank, Investec, has implemented Entersekt’s multi-factor authentication product, Transakt, to boost the security of its private client mobile application. Entersekt, an innovative pioneer in transaction authentication, helped Investec reinforce the bond of trust it shares with its clients through use of the Transakt Software Development Kit (SDK). In early 2014, Investec deployed Entersekt technology

Customer Satisfaction Stagnates For Banking Leaders

Posted on by Staff Writer | 8774 Views | 29 min read

SA banks have achieved slightly higher customer satisfaction scores than last year, although expectations seem to be rising, according the South African Customer Satisfaction Index (SAcsi) released. The overall score was 76.3 out of 100 (2013: 75.6). The banks measured were FNB, Absa, Nedbank, Standard Bank and Capitec. They were selected on the basis of

ZAZOO Partners With Uber in South Africa For Effortless Payment

Posted on by Staff Writer | 8760 Views | 9 min read

ZAZOO, a business unit of Net 1 UEPS Technologies, Inc., announced that it has partnered with UBER, the innovative smartphone technology that connects riders with drivers, in South Africa. ZAZOO’s revolutionary VCpayTM mobile application enables people who do not own credit cards to create virtual MasterCards that can be used to pay for the UBER

Upwardly Mobile: The Power of a United Approach to Payment Innovation

Posted on by Staff Writer | 8480 Views | 28 min read

New mobile payment platforms can provide a foundation for financial inclusion in South Africa and beyond, says David Abbott of Fiserv, a leading global provider of financial services technology solutions. But who will build the robust ecosystem required to fulfil their potential? The growing use of banking services in South Africa is driven by a

Mobile Payment Technology Key to Tourism Growth

Posted on by Staff Writer | 7922 Views | 8 min read

The World Tourism Organisation reports that tourism continues to be an important driver of socio-economic development in Africa, after growing from 26 million international tourists in 2000 to 56 million in 2014. According to Wiza Nyondo, Head of Niches at FNB Business, “Tourism in Africa continues to prove its resilience despite numerous challenges across the

New Age e-Commerce Consumers Challenge Traditional Business Models

Posted on by Staff Writer | 8471 Views | 12 min read

The rise of e-commerce on the African continent is changing the face of the traditional consumer, and brands need to adapt their business models and strategies in order to remain relevant amongst consumers and avoid a drop in market share. African consumers are increasingly searching online platforms with commercial intent, which include querying prices of

Concorde Solutions Lead the Way With 3.0 PCI DSS Certification

Posted on by Staff Writer | 8358 Views | 10 min read

Concorde Solutions, a leading payment service provider in Southern Africa, announced it has achieved the Payment Card Industry Data Security Standard (PCI DSS) 3.0 certification. The assessment and subsequent certification was completed by Foregenix, the accredited industry expert in this field. Concorde Solutions provides integrated payment solutions predominantly in the retail andrestaurant industries and services many of

Multi-currency Cash Passport Mobile App Launches in South Africa

Posted on by Staff Writer | 12285 Views | 5 min read

Access Prepaid Worldwide, a subsidiary of MasterCard, has launched the MasterCard Multi-currency Cash Passport mobile app providing Multi-currency Cash Passport cardholders with added convenience when managing their accounts from anywhere in the world. Available for Apple and Android operating systems, the free app allows users to easily transfer money between purses, review transactions, and track

Gemalto Releases Findings of 2014 Breach Level Index

Posted on by Staff Writer | 6923 Views | 16 min read

Gemalto, the world leader in digital security, releases the latest findings of the Breach Level Index, revealing that more than 1,500 data breaches led to one billion data records compromised worldwide during 2014. These numbers represent a 49% increase in data breaches and a 78% increase in data records that were either stolen or lost